NFL Team Halts 401(k) Plan Contributions

CEO Russ Brandon said in an e-mail to
The Associated Press that the Bills “will decide at a later date whether
to reinstate them for 2011 based on our financial performance.” Brandon
said all employees had been notified early on that the plan was being
amended so that all team contributions would be discretionary for this
year.

According to the AP, the Bills had already announced in
March that while no layoffs were planned, all employees would take a pay
cut during a work stoppage as part of a series of cuts that focused on
what the team called “shared sacrifice.”

Larry Kennan, executive director of the NFL Coaches
Association criticized the Bills for suspending payments. Of his
association’s members, Kennan said assistant coaches will be the most
affected by the team’s decision.